Derivative Scandal: Tax Payer Supported Gambling JP Morgans CDS trades, 2012
In 2012, JP Morgan incurred a trading loss of approximately $2 billion based on series of derivative transactions in credit default swaps (CDSs) reportedly entered as part of a hedging strategy. After later recalculation, the losses were updated to a figure closer to $6-7 billion. After the fact, JP Morgans CEO Jamie Dimon characterized the trading strategy as flawed, complex, poorly reviewed, and poorly monitored. Could JP Morgan prevent or reduce these billions of dollars of losses? How? Did the executive management do their job? This is only four years after the 2008 credit crisis. Did large banks learn any lessons from 2008?
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
